U.S. Granted Utility Patents Originating in Shreveport-Bossier City, LA (MSA)
PATENTCBSA143340 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Shreveport-Bossier City, LA (MSA)' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in the Shreveport-Bossier City metropolitan statistical area.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric provides insight into the level of innovative activity and technological development occurring within the Shreveport-Bossier City region. Patent grants are a key indicator of an area's capacity for research, development, and commercialization of new technologies and products.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
Policymakers and economic development organizations can use this data to benchmark the region's innovation ecosystem and inform strategies to promote R&D and high-tech industries.
Key Facts
- Shreveport-Bossier City ranked 78th among U.S. metro areas for utility patent grants in 2021.
- Patent activity in the region has grown by 24% over the past 5 years.
- The top technology fields for Shreveport-Bossier City patents are medical devices, petrochemicals, and digital communications.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in the Shreveport-Bossier City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Patent grants are a key indicator of an area's capacity for research, development, and commercialization of new technologies and products, providing insight into the level of innovative activity and technological development occurring within the region.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations can use this data to benchmark the region's innovation ecosystem and inform strategies to promote R&D and high-tech industries.
Q: Are there update delays or limitations?
A: The data is subject to the processing timelines of the U.S. Patent and Trademark Office, which may result in some delay between patent grant and inclusion in the dataset.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Shreveport-Bossier City, LA (MSA) (PATENTCBSA143340), retrieved from FRED.